BNR cuts key rate to record low 2.5 pct

Romania’s central bank Wednesday cut its main monetary policy rate by 25 basis points, to a record low 2.5 percent, in line with market expectations.

The majority of analysts polled by Reuters last month expect policymakers to shave another quarter point off its benchmark interest rate to a new record low 2.50 percent.

The central bank also decided to maintain reserve requirements for RON deposits to 10 percent and those for foreign-currency liabilities at 14 percent.

The key rate cut follows shortly after another similar measure in November, when the financial institution lowered the interest rate to 2.75 percent.

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